Writer Secures $200M Series C Funding at $1.9B Valuation

Team S · 2024-11-18T13:39:29.000Z

Writer, a full-stack generative AI platform for enterprises, has raised $200 million in a Series C funding round, valuing the company at $1.9 billion. The investment was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from several other prominent investors including Salesforce Ventures, Adobe Ventures, and Citi Ventures. Founded in 2020, Writer has quickly established itself as a leader in enterprise generative AI. The company's platform includes its Palmyra family of large language models (LLMs), along with advanced features like graph-based RAG and customizable AI guardrails. Writer's technology is used by hundreds of major companies, including Accenture, Intuit, L'Oreal, and Salesforce, to deploy AI applications and agents that address complex business challenges. May Habib, Co-founder and CEO of Writer, emphasized the company's focus on developing advanced AI systems capable of handling mission-critical enterprise work. The new funding will be used to accelerate the development of AI solutions that can manage complex enterprise workflows across systems and teams. Additionally, Writer plans to expand its quick-start AI applications for time-intensive workflows in healthcare, retail, and financial services. The funding round also brings new additions to Writer's board of directors, with Sandesh Patnam from Premji Invest and Rob Toews from Radical Ventures joining. Writer, which has offices in San Francisco, New York City, and London, reports that its customers have saved millions of hours in productivity and typically see a 9x return on investment. As Writer continues to grow, it aims to solidify its position as a pioneer in enterprise-grade agentic AI, providing secure, reliable, and adaptable solutions for complex business scenarios.

Member Login Get Access

Writer Secures $200M Series C Funding at $1.9B Valuation | Newnex